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Weekly Newsletter

Newsletter-Commodity
Commodity
19/04/2010

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Weekly Newsletter
Contents
Market Wrap
Technical Analysis
Gold ( Comex)
Silver ( Comex)
Crude ( Nymex)
Naturalgas ( Nymex)
Copper (Mcx)
USD/INR

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MARKET WRAP
Markets tumble on Goldman news

Gold slips after hitting new multi week high

Copper collapsed on Friday

Oil falls $2 on Goldman fraud charges

Euro slips v/s dollar

Gold dived southward on Friday as SEC decided to file a civil suit against goldman
Sachs for defrauding the investors loosing its 5 weeks continuous gains in the U.S.
markets, gold fell heavily on Friday by USD 22 to USD 1136.9 an ounce in the spot
market. Gold prices have lost more than 2% in this week even after receiving good
news throughout in the form of retail sales(march) rising by 1.6%, business inventories
were also up by 0.5% for February and consumer sentiment for april came at 69.5, the
precious metal seemed to continue its upmove but SEC played spoil sport.Silver the
poorer cousin of gold also fell heavily and closed at USD 17.71 after recovering from a
low of 17.60. the dollar index jumped 0.4% and trading near 81.

Crude june contract fell earlier in the week but touched its 18 month high of USD
87.23/barrel but retreated sharply from the highs and ended the week at USD
84.525/barrel. Copper also collapsed on Friday, with prices in New York briefly
breaking down below the $3.50-per-lb level, as investors shunned risk and sought
safety in the U.S. dollar after the U.S. Securities and Exchange Commission charged
Goldman Sachs with fraud.

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TECHNICAL VIEW
GOLD
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
GOLD 1264 1225 1185 1161 1145 1121 1106 1066 1026

OUTLOOK
Trend:- Consolidate

Resistance:- 1143,
1143,1169$

Support:- 1123,1102
,1102$

Strategy:- Sell on higher

GOLD WEEKLY

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SILVER
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
SILVER 20.94 19.95 18.96 18.33 17.97 17.34 16.98 15.99 15.00

OUTLOOK
Trend:- Consolidate

Resistance:- 17.95,18.45
17.95,18.45$

Support:- 17.30,16.70
,16.70$

Strategy:- Buy on dips

SILVER WEEKLY

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CRUDE
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
CRUDE 95.5 91.7 87.8 85.5 84.0 81.6 80.1 76.3 72.4

OUTLOOK
Trend:- Consolidate
lidate

Resistance:- 85.9,
85.9,87.1$

Support:- 82.1,78.8
82.1,78.8$

Strategy:- Buy on dips

CRUDE WEEKLY

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NATURALGAS
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
NG 5.05 4.73 4.40 4.22 4.08 3.90 3.75 3.43 3.10

OUTLOOK
Trend:- Consolidate

Resistance:- 4.260,4.
0,4.630$

Support:- 3.780,3.
0,3.500$

Strategy:- Sell on higher

NATURALGAS WEEKLY

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COPPER
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
COPPER 387.2 374.3 361.3 353.6 348.4 340.7 335.4 322.5 309.5

OUTLOOK
Trend:- Consolidate

Resistance:- 351,359

Support:- 341,333
41,333

Strategy:- Buy on dips

COPPER WEEKLY

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USD/INR
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
INR 46.19 45.57 44.95 44.60 44.33 43.98 43.71 43.09 42.47

OUTLOOK
Trend:- Bearish

Resistance:- 44.75,45.15

Support:- 43.85,43.45

Strategy:- Sell on higher

USD/INR WEEKLY

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